Cohu (NASDAQ:COHU) Third Quarter 2024 Results
Key Financial Results
- Revenue: US$95.3m (down 37% from 3Q 2023).
- Net loss: US$18.1m (down from US$3.92m profit in 3Q 2023).
- US$0.39 loss per share (down from US$0.082 profit in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Cohu EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.6%.
Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Semiconductor industry in the US.
Performance of the American Semiconductor industry.
The company's shares are up 5.6% from a week ago.
Balance Sheet Analysis
While earnings are important, another area to consider is the balance sheet. See our latest analysis on Cohu's balance sheet health.
New: AI Stock Screener & Alerts
Our new AI Stock Screener scans the market every day to uncover opportunities.
• Dividend Powerhouses (3%+ Yield)
• Undervalued Small Caps with Insider Buying
• High growth Tech and AI Companies
Or build your own from over 50 metrics.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About NasdaqGS:COHU
Cohu
Through its subsidiaries, provides semiconductor test equipment and services in China, the United States, Taiwan, Malaysia, the Philippines, and internationally.
Excellent balance sheet and slightly overvalued.
